Reed Sensor Market - Industry Analysis, Scope, Trends, Opprotunity, Forecast by 2023
The reed sensor market is expected to be valued at USD 2.30 billion by 2023, growing at a CAGR of 7.40% from 2018 to 2023. The key factors driving the growth of this market are the use of reed sensors in the automotive industry; application of reed sensors in home appliances, HVAC, and smart meters; and benefit of low operating power and capable of working in harsh environments.
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